Each Transaction you agree to pay us has a transaction fee (the “Transaction Fee”),
in addition to the Transaction Amount. Additional charges may also apply in the way of currency exchange commissions. When you agree to make a total payment (the “Transaction Fee” plus the Transaction Amount) into our bank account, fee we will charge you will not be more than 2% of the Transaction Amount.
Moreover, when you pay for a Transaction in one currency and the Recipient is paid in another currency, there will be a difference between the exchange rate at which we buy foreign currency and the exchange rate provided to you. YuTransfer and its Service Providers usually make a small profit in these circumstances, no more than 2%. Consequently, total fees would be no more than 4% of the Transaction Amount.
The rate applicable for the currency conversion transactions is on the foreign exchange conversion rate list updated constantly on our Webpage.